This is Important!

According to a recent study, only 42% of U.S. adults currently have a will or trust. That rate drops to 36% for people with children under the age of 18.  For most people, the reason for failing to have an estate plan is that they just haven’t gotten around to it.  Why is it important that we “get around to it”?  Here are several reasons why you may want to get around to it:

  1. You don’t want a court to decide who is in charge of your estate.

  2. You don’t want to leave to chance who takes care of your minor or disabled children.

  3. You don’t want to let the government decide who gets your estate and when.

  4. You don’t want your family to pay court costs or more in attorney fees because of the need for court involvement.

  5. You don’t want the delays that can result from court involvement.

  6. You don’t want to pay more in taxes than is necessary.

  7. You want to leave a legacy.

  8. You want to protect assets.

We were reminded again in our office how quickly things can change.  None of us thinks our time is soon.  Unfortunately, life happens, but so does death and disability.  This is important.  So carve out some time and get around to it!